Brisbane finance jobs fall on mining slowdown
Financial services jobs in Brisbane, particularly in the banking sector, have taken a tumble following a slowdown in the mining sector, according to eFinancial Careers.
The Queensland economy has not recovered at the same rate as some other states in the wake of the global financial crisis and 2011 floods, while Brisbane has been more affected by the fortunes of the mining sector than other capitals, eFinancialCareers stated.
"While things are certainly tight right now in Brisbane's financial services hiring, it's not all doom and gloom, and we expect that pending State government announcements about project spending in resources, construction and infrastructure may help revitalise the market," eFinancialCareers managing director Asia-Pacific, George McFerran said.
"And if commodity prices improve and the mines step up production then confidence will return and Queensland will move forward", he added.
There are still several 'hot spots' of opportunity, notably an increase in contract recruitment, particularly in insurance.
There is also still some demand for business-critical or revenue-generating roles such as auditors, financial planners, paraplanners, brokers, or those involved in project work like business developers, analysts, or financial reporting, eFinancialCareers stated.
There is unlikely to be any significant change in the job market for the remainder of this year, but expect a pick-up in 2013 once some of those key government spending announcements are made, the company stated.
Recommended for you
As larger Australian Financial Services licensees continue to expand their reach in an increasingly expensive industry to operate, how do smaller firms ensure they stay relevant and efficient?
HUB24 has added almost 600 advisers in the 2025 financial year as the platform capitalises on opportunities presented in wealth management.
Wealth Architects has acquired a Cairns-based advice practice as it seeks to expand its national advice presence.
While the overall gender wage gap has decreased slightly, the Financy Women’s Index reveals the gap has widened for employees in the financial and insurance services sector.
